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Zimbabwe requires cryptocurrency businesses to register for regulation, with an annual fee of $500.

MarsBitNews
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Mars Finance News, citing Reuters, reported that Zimbabwe’s Minister of Finance, Mthuli Ncube, has issued new rules requiring all crypto-asset businesses engaged in buying and selling, transferring, or custody activities to register annually with the Financial Intelligence Unit (FIU), the anti-money laundering agency under the central bank, and to pay a $500 annual fee. Crypto businesses that operate without registration will be considered illegal. The new rules provide the first dedicated regulatory framework for the local crypto market, which has long been short on a legal structure and mainly operates over-the-counter and via social media. Zimbabwe previously banned financial institutions from participating in cryptocurrency transactions in 2018. With rampant hyperinflation and multiple currency reforms, the public turned to digital assets such as Bitcoin and cross-border remittances, driving a surge in crypto usage.
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